Knight-Swift Reports ‘Progress’ With Merger, Sees Challenges in Getting Enough Drivers
The holding company for Knight Transportation and Swift Transportation reported results for the first quarter of 2018 that reflect “progress” in achieving cost savings for the combined enterprise but also difficulty in finding enough drivers to meet increasing demand for service.
April 25, 2018Landstar System Posts Record First Quarter
Landstar System reported its best first quarter with revenue jumping 34.2% to $1.05 billion and profits reaching a record $57.5 million, or $1.37 a share, as demand for freight hauling continued to strain truck capacity in the market.
April 25, 2018Forward Air First-Quarter Results Better Than Expected
Forward Air Corp. reported better-than-expected results in the first quarter as strong demand and tight truckload capacity boosted expedited less-than-truckload shipping and intermodal services.
April 25, 2018Echo Global Logistics Reports Revenue Surge in 1Q
Echo Global Logistics reported record revenue in the first quarter of 2018 and posted a profit, compared with a loss a year ago, as tight capacity drove more business to third-party transportation service providers.
April 25, 2018Stord Receives $2.4 Million in Venture Capital Funding
Stord, a company launched two years ago by teenage entrepreneurs Sean Henry and Jacob Boudreau, has received $2.4 million in venture capital funding from a group of investors led by Chattanooga, Tenn.-based Dynamo.
April 25, 2018Trump’s Gamble for Quick Trade Deal With China May Be Long Shot
President Donald Trump is dispatching two of his top economic deputies to China in hopes of a quick deal on trade. They may find the reality on the ground more daunting.
April 25, 2018Will Wabtec Acquire GE Transportation?
A flurry of reports over the past few days speculate that GE Transportation will be sold to a longtime supplier, Westinghouse Air Brake Technologies Corp., which does business as Wabtec Corp.
April 25, 2018Road to Zero Group Announces Three More Safety Grant Winners
The Road to Zero Coalition announced three more recipients of the Safe System Innovation Grants on April 23.
April 25, 2018Port Group Urges Caution on Possible US-China Trade War
The American Association of Port Authorities has written to U.S. Trade Representative Robert Lighthizer urging the Trump administration to carefully consider the negative impact trade sanctions could have on the country’s ports and the trucking and transportation industries.
April 25, 2018Road to Zero Coalition Charts Ambitious Goal to Reduce Traffic Deaths by 2050
National Safety Council CEO Deborah Hersman noted the goal of the newly formed Road to Zero Coalition is to dramatically reduce traffic deaths.
April 25, 2018